Tally.ERP 9 is popular among India’s businesses as an accounting software. However, over the years, it has evolved as an ERP and a compliance software for small and medium sized businesses.

Tally.ERP 9 is widely used since it is simple to use, intuitive and also enables businesses to manage GST compliance. Tally.ERP 9 is one of the best accounting software in India.

Let us look at some of the key accounting software features in Tally.ERP 9.

GST billing in Tally.ERP 9

Every business owner intends to raise accurate bills. The error detection and correction feature in Tally.ERP 9 notifies the user in case of any manual errors that take place at the time of billing.

A business owner can generate bills/invoices as per the format defined by the CBEC department. Tally.ERP 9 supports GST billing for both regular and composite types of dealers. It also provides the flexibility to create an invoice or bill, either in as an accounting voucher or as an invoice.

Tally.ERP 9 handles all types of accounting transactions

Businesses have the option to create any type of accounting transaction in Tally.ERP 9. Starting from payments, receipts, sales, purchases, credit notes, debit notes, journal, contra, and more. A user can add more fields in any voucher by pressing F12 and enabling the options. He can pass these transactions easily in his books and their effect will reflect in the respective accounting reports. If there is any GST implication, this will reflect in the respective GST returns report as well.

Generate balance sheet, trial balance and other important accounting reports

Every business owner prefers to keep a track of the financial health of his business by referring to multiple business reports. Tally.ERP 9 offers multiple reports based on the unique needs every business has. A user can view his balance sheet and trial balance anytime. He can choose the time periods for which he would like to view the reports and compare them. With Tally.ERP 9, he can also get other critical reports such as cash flow reports, ratio analysis to check the health of the business, profitability analysis and outstanding.

Tally.ERP 9 gives the flexibility to let users drill down from any report to the last level of any transaction and its corresponding voucher. This makes it very easy for users to view and analyse reports.

Manage Outstanding easily

Businesses can view their receivables and payables in Tally.ERP 9. Tally.ERP 9 allows users to view age-wise reports so that he can easily analyze his outstanding both bill-wise or ledger-wise. He can further sort bills based on due dates, amount, party names and more.

GST compliance using Tally.ERP 9

With Tally.ERP 9, a user can easily create GST compliant transactions, file GST returns and generate e-Way Bills. A regular dealer can file GSTR-1 and GSTR-3B returns, while a composite dealer can file GSTR-4 using Tally.ERP 9. All these forms can be exported in JSON format and directly uploaded in the GST portal. Alternately, if a user prefers, he can use the excel offline utility tools of these forms, import them into Tally.ERP 9 and file returns.

If you are looking for accounting software for GST, take a free trail of Tally.ERP 9

Banking made easy in Accounting Software

A user can easily manage his bank transactions, cheque books, and create deposit slips using Tally.ERP 9. Bank reconciliation is another aspect that a user can manage using Tally.ERP 9. Tally.ERP 9 provides auto bank reconciliation for more than 100 banks. A user can upload the soft copy of his bank statement and based on the instrument number, Tally.ERP 9 reconciles the transactions in books with bank statements. This saves considerable time for the user.

A user can print his cheques from Tally.ERP 9. Pre-defined formats for many banks are available in Tally.ERP 9.